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Article Highlights: Head of household filing status Earned income tax credit Child tax credit Child care credit for certain working...

Tax problems aren't just a worry that hangs over people's heads from January through April every year. Many of them go far beyond the...

Article Highlights: Trading in a Vehicle Selling a Vehicle Gifting a Vehicle Donating a Vehicle to Charity If you are buying a new car,...

All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce...

Article Highlights Roth IRA Contribution Limitations Converting a Traditional IRA to a Roth IRA Circumventing the Limitations Back-Door...

Article Highlights Reporting Sole Proprietorships on Your 1040 Business Checking Account Local Business Licenses Resale Permits & Payroll...

Freelance work and the gig economy have taken the nation by storm. A study commissioned by the Freelancers Union and freelance platform...

Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so,...

With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and...

Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. Fortunately, with the help of vaccines, new...

The process of starting a small business can be an arduous one; there are numerous steps that need to be taken — and often in a precise...

Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers,...

Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are...

Here are five things that happened this past month that affect your small business. 1) President Biden announced tax credits for COVID-19...

Just a reminder to those who have not yet filed their 2020 federal tax return that thanks to the IRS extending the filing due date, May...

Thieves use taxpayers’ natural fear of the IRS and other government entities to ply their scams, including e-mail and phone scams, to...

Feel free to print out this cheat sheet. *Always be sure to follow applicable IRS code based on how your business is organized.

Where is your money coming from? Where is it going? You can use tags in QuickBooks Online to find out. QuickBooks Online offers numerous...

Creating an employee stock option plan is an important step in your business’ growth and a sign of its success. Though doing so is not...

Great news if you are paying childcare expenses that enable you to work. As part of President Biden’s American Rescue Plan Act (ARPA)...